Category Archives: Insurance

Malaysian insurance laws under sections 166 and 167

Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. … Continue reading

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Capital protected

This appeared today in The Malaysian Insider regarding a move by the Monetary Authority of Singapore to ban the use of financial products with misunderstood names. Hopefully, Bank Negara Malaysia can take the cue and see how the use of … Continue reading

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Malaysians now more averse to higher risk investment products

Here is an interesting story that appeared in today’s issue of The Business Times in Singapore. It’s saying that owing to the global financial crisis Malaysians appear to be the most averse among Asians to higher risk investment products. They … Continue reading

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Mortality rate

There is a good chance that you will have heard of the term “mortality rate”. I’m not an insurance person but this much I can tell you: “mortality rate” is simply a measurement of the frequency of death for a … Continue reading

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Travel insurance (5)

Compensation and satisfaction You need to protect you and your family in case of unexpected emergencies during your travel. However, you may not be satisfied with the offer made by your insurance company. How do you deal with this? First, … Continue reading

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Travel insurance (4)

What criteria do you need to fulfil to be eligible for travel insurance? Travel insurance policies are generally assessed by age, destination, length of stay and any pre-existing condition. Age may affect the eligibility of the elderly but it also … Continue reading

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Travel insurance (3)

Continuing with an interesting series of stories from The New Straits Times, this blog item touches on the kinds of losses that are not covered by travel insurance. War risks: These include loss or damage that may be attributed to … Continue reading

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Travel insurance (2)

What kind of losses can you claim from your travel insurance? The coverage and limitations under the policy vary depending on the insurance company. Here are some of the benefits offered in most travel insurance policies: Medical Expenses: Falling sick … Continue reading

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Travel insurance

This story appeared in The New Straits Times last year (27 Nov 2008). Travel-savvy Malaysians today go all over the country to the various resorts as well as to other countries. There is nothing like visiting new places to broaden … Continue reading

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Misleading sale or was it fraud?

There was an interesting insurance story in the newspapers yesterday. Was it a misleading sale or was there insurance fraud in a claim by a beneficiary? On one side was a man who claimed that he had been cheated of … Continue reading

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